PARIS, Oct 14 (Bernama-Xinhua) -- Global diesel supply constraints are expected to persist into 2027 amid prolonged disruptions and escalating attacks on energy infrastructure in West Asia, the International Energy Agency (IEA) said on Wednesday, reported Xinhua.
World : IEA Warns Global Diesel Market To Remain Tight Into 2027
IEA, supply constraints, global diesel market, per
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Key points
- In its October Oil Market Report, the IEA said global diesel exports fell by 700,000 barrels per day (kb/d) year on year in September, as prolonged supply disruptions led to counter-seasonal stock draws ahead of autumn refinery maintenance and peak winter demand.
- The agency said the gasoil market was expected to remain tight well into 2027, depending on the recovery of product supplies from West Asia.
- A partial recovery of 2 mb/d in 2027 is expected to leave global oil consumption 620,000 barrels per day (kb/d), or 0.6 per cent, below 2025 levels, the IEA said.
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